First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) shares saw unusually-high trading volume on Thursday . Approximately 189,722 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 92,441 shares.The stock last traded at $130.00 and had previously closed at $130.40.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 0.7 %

The company has a market cap of $1.99 billion, a P/E ratio of 30.27 and a beta of 1.05. The firm has a 50-day moving average of $125.35 and a 200 day moving average of $123.22.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1298 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barrett & Company Inc. grew its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% during the 3rd quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock worth $585,000 after acquiring an additional 106 shares during the period. Centaurus Financial Inc. raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.0% during the second quarter. Centaurus Financial Inc. now owns 5,576 shares of the company’s stock valued at $687,000 after acquiring an additional 109 shares in the last quarter. Dana Investment Advisors Inc. boosted its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 0.4% during the second quarter. Dana Investment Advisors Inc. now owns 32,245 shares of the company’s stock valued at $3,975,000 after purchasing an additional 124 shares in the last quarter. Cozad Asset Management Inc. lifted its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 0.5% during the third quarter. Cozad Asset Management Inc. now owns 25,879 shares of the company’s stock valued at $3,247,000 after purchasing an additional 124 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.0% in the third quarter. GSA Capital Partners LLP now owns 2,287 shares of the company’s stock worth $287,000 after acquiring an additional 130 shares during the last quarter.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQEW was launched on Apr 19, 2006 and is managed by First Trust.